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International Monetary Fund

Turkey Debates Merits Of IMF Loan; Afraid Of Foreign Pressure

GlobalPost | Posted 05.25.2011 | World

By Nichole Sobecki ISTANBUL, Turkey -- At the start of the financial crisis, Prime Minister Recep Tayyip Erdogan seemed confident that the troubles o...

"Happy" Anniversary, Iceland

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

This has been a very rough year for Iceland, and it's not likely to get better anytime soon. The public's anger continues to grow, and it would not be surprising if this winter sees a repeat of last winter's uprising.

Krugman: How Did Economists Get It So Wrong?

New York Times | Paul Krugman | Posted 05.25.2011 | Politics

It's hard to believe now, but not long ago economists were congratulating themselves over the success of their field. Those successes -- or so they be...

The IMF Destroys Iceland and Latvia

Nathan Lewis | Posted 05.25.2011 | World
Nathan Lewis

It's not about "conservative" and "liberal." It's about us against the banker imperialists. The IMF should be abolished.


Jaime Pozuelo-Monfort | Posted 05.25.2011 | World
Jaime Pozuelo-Monfort

It is time to look ahead instead of look behind. It is time to leave the fears of the baby boomers behind and embrace the developing world once and for all.

Eva Joly on Iceland's Devastating Plight

Alda Sigmundsdottir | Posted 05.25.2011 | World
Alda Sigmundsdottir

In her article, Mme Joly denounces what she calls the "blackmailing of Iceland" by a number of states, as well as the IMF and the EU, into taking on billions of Euros in debt.

Sam Stein

IMF Predicts End Of Global Recession... Which May Bode Well For Recession | Sam Stein | Posted 05.25.2011 | Politics

The International Monetary Fund has made the cautiously optimistic prediction that the global recession is coming to an end. Given the organization's ...

Jane Hamsher's Call to Action Against the War/IMF Supplemental

Robert Naiman | Posted 05.25.2011 | World
Robert Naiman

The White House and the House leadership want progressive Democrats in the House to abandon their constituents, their commitments, and their principles and vote for the War/IMF supplemental. But when progressive Democrats tried to have input into the process earlier, they were locked out by the leadership, on orders from the White House and Treasury.

Washington Showdown Over IMF Money

Mark Weisbrot | Posted 05.25.2011 | Politics
Mark Weisbrot

Obama and the House Democrats can't seem to muscle the votes they need to pass a $108 billion appropriation for the IMF. The stakes are high for both the administration, and the world.

Robert Gates To GOP Leaders: You're Putting Our Security At Risk

The Plum Line | Posted 05.25.2011 | Politics

Wow. Robert Gates and Hillary Clinton are now thrusting themselves into the raging fight over the White House's request for Congressional cash for the...

Will 34 Democrats Oppose Endless War and Funding the IMF's European Bank Bailout?

Robert Naiman | Posted 05.25.2011 | World
Robert Naiman

The Administration is combining two sets of policies -- endless war and IMF austerity -- that most progressive Democrats vigorously oppose; and are trying to ram them through by strong-arm tactics.

With IMF Money, the War Supplemental Could Fail in the House

Robert Naiman | Posted 05.25.2011 | World
Robert Naiman

Why would Democrats vote to give $100 billion in U.S. tax dollars to the International Monetary Fund with no effective strings attached?

In Sri Lanka: A U.S. Congressman Gets It

Jim Luce | Posted 05.25.2011 | World
Jim Luce

Congressman Heath Shuler's visit was the first time I have heard an American elected official seem to understand what has transpired here in Sri Lanka.

Labor, House Dems Stall Panama Trade Deal

Robert Naiman | Posted 05.25.2011 | World
Robert Naiman

if the Wall Street boys thought they were just going to run the table on international economic policy in this administration, they had another thing coming.

Support the IMF

Douglas Rediker | Posted 05.25.2011 | World
Douglas Rediker

t is crucial that Congress approve the IMF funding authorization. Failure to do so would send a terrible signal across the globe that the US can't be counted on to lead in a time of crisis.

Will Speaker Pelosi Stand Up to the IMF?

Robert Naiman | Posted 05.25.2011 | World
Robert Naiman

It would be an exaggeration to say that Congress has a once-in-a-lifetime opportunity this week to reform the policies of the International Monetary F...

Stealth Move in Washington Aims to Get $100 Billion for IMF Without Congressional Debate

Mark Weisbrot | Posted 05.25.2011 | World
Mark Weisbrot

We are told that poor countries will suffer if the IMF does not get a $108 billion appropriation from Congress immediately. But this is nonsense.

Swine Flu's Potential Economic Effects: Mexico's Tourism, Retail Sure To Suffer

Huffington Post | Stuart Whatley | Posted 05.25.2011 | World

Wachovia has issued a report that gives a cursory overview of how the swine flu crisis will effect Mexico as well as international economies, based pr...

Pass the Employee Free Choice Act

Robert Naiman | Posted 05.25.2011 | Politics
Robert Naiman

Passage of the Employee Free Choice Act is easy to justify on the basis of guaranteeing the basic human rights of working Americans.

Paul Krugman Angers Austria's Bankers, Politicians by Stating the Obvious

Sheldon Filger | Posted 05.25.2011 | Business
Sheldon Filger

Nobel laureate Paul Krugman stirred the ire and indignation of Austria's political and financial establishment by merely stating the obvious. No European state is in as precarious a state as Austria.

Geithner To Host G-7, G-20 Meetings

Reuters | Posted 05.25.2011 | World

U.S. efforts to stimulate the economy with infrastructure projects are "ahead of schedule and under budget," President Barack Obama said on Monday, as...

It's the Global Economy (Stupid) -- or Is It?

Mark Weisbrot | Posted 05.25.2011 | World
Mark Weisbrot

The contemporary idea of the "global economy" is based on a misapplied analogy to the historical development of national economies.

IMF Nightmare Forecast: Economic Crisis Creates $4 Trillion In Toxic Assets

Sheldon Filger | Posted 05.25.2011 | Business
Sheldon Filger

If there are any doubts remaining as to the severity of the global economic crisis, this most current estimate of the rot eating away at the global financial architecture should set them aside.

Viagra Diplomacy

John Feffer | Posted 05.25.2011 | World
John Feffer

NATO and the IMF should just retire gracefully and let a new generation of institutions take their place.

IMF Urges Eastern Europe To Adopt Euro Without Joining Eurozone

Financial Times | Posted 05.25.2011 | World

Crisis-hit European Union states in central and eastern Europe should consider scrapping their currencies in favour of the euro even without formally ...